SECI’s solar auction receives 2 bids, tender undersubscribed

The Solar Energy Corporation of India Limited’s tender to set up 1,200 MW of inter-state transmission system connected solar projects (Phase V)  has received only two bids from SB Energy and Chennai-based GRT Jewellers. While SB Energy won 330 MW at a tariff of Rs 2.65 per unit, GRT Jewellers won 150 MW at Rs 2.53 per unit. The tariff ceiling had been set at Rs 2.65 per unit. This tender was, however, undersubscribed. The allotment was scaled down to 40 per cent of the original offer with the final capacity of 480 MW which was bid instead of 1,200 MW.

Developer Capacity (MW) Tariff (Rs per kWh)
GRT Jewellers 150 2.53
SB Energy 330* 2.65

*The company bid for 450 MW but won 330 MW

Source: SECI

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